KGM Motor Insurance is a specialist provider of UK motor insurance products to niche markets through its nationwide network of brokers. It is one of the UK's leading specialist motor insurers with over 50 years' experience in providing cover to this sector.
KGM Motor Insurance is a brand name for business written by Syndicate 260 which is managed by Lloyd's 10th largest managing agency, Canopius Managing Agents Limited, part of the Canopius Group. Canopius is a privately-owned insurance and reinsurance group which underwrites a diversified portfolio of business from its operations at Lloyd's and around the world. It has achieved significant growth over the last six years through a mix of organic expansion and acquisition, and currently has total financial resources of over £425 million. Click here for more information about Canopius.
Experience
We seek to offer a wide range of specialist products, backed by expertise gained from decades of experience, together with first class service and modern processing capability. With an expert team, we are committed to offering a range of innovative, competitive motor insurance products that are developed from our own market knowledge and experience along with insight from brokers.
Brokers
Our brokers are central to what we do. Across the organisation, from the approachability of our underwriters and our development team to the focus of our website, we are there to support them in giving great value and service to their customers. At KGM, we see ourselves as a partner in making our brokers' businesses a success.
Innovation
KGM is at the forefront of innovation in its field and provides a diverse range of motor insurance products including specialist vehicle, classic car, private car, fleet, and motorcycle. We were the first Lloyd's syndicate to launch a multi-vehicle policy and continue to pioneer the introduction of new motor insurances. After listening to what brokers want, KGM are pleased to introduce Broker Focus. With Broker Focus, we have now enabled straight-through processing, streamlining the connection between brokers and our software infrastructure, enabling operational efficiency and rapid service delivery to our brokers and customers.
Business Development
KGM underwrites a diverse product range and is continually looking for new opportunities especially in niche business lines. Brokers are always welcome to speak to our underwriters and development team direct. Click here for contact details.
Security
Syndicate 260's status as one of the longest-standing Lloyd's syndicates provides brokers and their customers with concrete reassurance as to our robustness and security. Lloyd's reputation is second to none when it comes to financial strength. Syndicate 260 shares the Lloyd's market Insurer Financial Strength ratings and every Lloyd's policy is supported by an A+ (Strong) rating from the rating agencies Standard & Poor's and Fitch and an A (Excellent) rating from A.M. Best.
Lloyd's unique capital structure, often referred to as the 'chain of security' ensures that premiums are held in trust for the protection of the policyholder and that there is sufficient capital available to support the risks underwritten. Lloyd's also commits to offering central assets as a safety net, enabling our brokers to give their customers complete confidence in our position. In addition, customers are protected by Canopius's membership of the Financial Services Compensation Scheme.